Saint Barnabas Health Care System, the largest integrated healthcare delivery system in New Jersey, has signed a long-term revenue cycle management deal.
Atlanta-based MedAssets will provide revenue cycle process re-engineering services to the West Orange, N.J.-based health system. MedAssets has provided revenue cycle and spend management solutions to SBHCS, including charge capture and revenue integrity tools, as well as group purchasing, supply chain analytics and consulting services, since 2004.
John Bardis, CEO of MedAssets, said the company would focus on achieving improved financial metrics and best-practice revenue cycle operating processes across the SBHCS enterprise.
"The Saint Barnabas Health Care System is one of the nation's leading integrated health systems, and we are proud to have the opportunity to apply the full scope of our technology and service expertise to help transform this preeminent health system's revenue cycle operations for best-practice improvement," he said.
According to MedAssets, the scope of services provided to SBHCS will include accounts receivable billing and collection services, denial management and retrospective recovery services and targeted consulting services.
SBHCS is a non-profit healthcare delivery system comprised of six acute care and two children's hospitals, outpatient care centers, nursing and rehabilitation centers, an assisted living facility, a state-wide behavioral health network and comprehensive home care and hospice programs.
SBHCS treats more than 2 million patients annually and generated more than $2.3 billion in total revenue in 2008.
"Through this agreement, we are building upon our strategic relationship with MedAssets to realize significant financial improvement benefits for our health system," said Ronald Del Mauro, the system's president and CEO.